SPX (SPW) 2/9/10 PriceWatch Alert Up To 16.28% Return
Posted: Tuesday, February 09, 2010 8:30 AM EDT
By: Market Intelligence Center Staff
SPX (NYSE: SPW) closed yesterday at $54.16. So far the stock has hit a 52-week low of $39.10 and 52-week high of $65.23. SPX stock has been showing support around 52.61 and resistance in the 56.53 range. Technical indicators for the stock are Bearish and S&P gives SPW a neutral 3 STAR (out of 5) hold rating. SPW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jun '10 50 covered call for a net debit in the $47.26 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 12.74% downside protection and a 5.80% assigned return rate for a 16.28% annualized return rate (comparison purposes only). SPX has a current annual dividend yield of 1.82%. [ATU-Seven Summits Research]
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